$BTC update:
Dear all, Bitcoin need to get out this chaotic downtrend channel, here indicated by red lines. I would say we need to see Bitcoin above 7800 to get the confirmation that yes it is safe to open a long position.
The downtrend line can still act as a resistance, and BTC might still go back downward the channel if the volume is too low. Alt coins may bleed a little during such a move, so keep safe in USD or USDT , and wait for a
clear breakout would be my most conservative and safe advice. Right now, taking no position is a good move.
Sincerely yours,
@LegoCrypto
Dear all, Bitcoin need to get out this chaotic downtrend channel, here indicated by red lines. I would say we need to see Bitcoin above 7800 to get the confirmation that yes it is safe to open a long position.
The downtrend line can still act as a resistance, and BTC might still go back downward the channel if the volume is too low. Alt coins may bleed a little during such a move, so keep safe in USD or USDT , and wait for a
clear breakout would be my most conservative and safe advice. Right now, taking no position is a good move.
Sincerely yours,
@LegoCrypto